Balance Sheet 12 Total property, plant, and equipment 14 Total assets 15 Liabilities and Stockholders' Equity $26,400.00 16 Current liabilities: 17 Accounts payable 18 Wages payable Interest payable 21,500.00 19 16,000.00 20 21 Total current liabilities $63,900.00 12 Long-term liabilities: 23 Bonds payable (due 2024) Total liabilities 2,000,000.00 $2,063,900.00 25 Stockholders' equity: 26 Common stock (40,000 shares) 17 Retained earnings, 12/31/2018 Total stockholders' equity 2 Total liabilities and stockholders' equity $600,000.00 108,900.00 28 708,900.00 $2,708,900.00 Instructions McDonald Marina provides docking and cleaning services for pleasure boats at its marina in southern Florida. The following account balances are available: $ 26,400 $ 238,000 Interest expense Interest payable 268,600 16,000 65,100 Land 874,000 950,200 Rent expense 14,400 2,000,000 2,600 197,100 108,900 Accounts payablo Accounts receivable Accumulated depreciation (building) Accumulated depreciation (equipment) Bonds payable (due 2024) Building Cash Common stock (40,000 shares) Depreciation expense (building) Depreciation expense (equipment) Dividends Equipment 22,200 Rent payable Retained earnings, 12/31/2018 Service revenue (cleaning) Service revenue (docking) Supplies 472,100 1,470,000 600,000 21,700 9,600 246,200 Supplies expense 88,900 25,500 Utilities expense 239,500 2,470,000 Wages expense 995,500 Income taxes expense 21,600 Wages payable 21,500